Do you think £20,000 is a good enough salary?

Charlotte17

marleyboy wrote: »

But thats because of YOUR circumstances. NOT necessarily the Ops. As has been said repeatedly. It all depends on your circumstances.

Where I come from, its adequate for any single person in a flat.

Hence my post #3
Depends where you live, what you have to pay each month etc

Also what you are earning now.

The OP hasn't given us any info on this

System

Paully232000 wrote: »

http://www.ifs.org.uk/wheredoyoufitin/

have a look here and it will give a rough idea of income distribution. and although there are obviously millionaires in the top 5%, I wouldn't be surprised if to get into the top 5% you don't have to earn anything like a million £/year.

If I select live alone, I earn more than 65% of people

If I live with a partner, I earn more than 36% of people

A bit confusing!

GothicStirling

I could live quite happily on that wage. I'm single, but could afford to rent in a nice area (Northumberland), pay off my debts and save up a nice sum too.

GothicStirling

The average salary in the UK is £23,000, so almost half of the population earn less.

Charlotte17

GothicStirling wrote: »

The average salary in the UK is £23,000, so almost half of the population earn less.

It's actually £26k

Charlotte17

berbastrike wrote: »

If I select live alone, I earn more than 65% of people

If I live with a partner, I earn more than 36% of people

A bit confusing!

Very odd as on JSA it says

you have a higher income than around 1% of the population - equivalent to about 0.6 million individuals.

Paully232000

berbastrike wrote: »

If I select live alone, I earn more than 65% of people

If I live with a partner, I earn more than 36% of people

A bit confusing!

It explains how it takes into consideration the net household equivalised income on the page it shows 'your position' and the graph.

stevemLS

According to that I earn more than 94% of the population and I am by no means rich.

gettingready

you have a higher income than around 98% of the population - equivalent to about 61.6 million individuals.

wowwwwwwwwwwwwww - BUT that is a bit silly as the only question about expenditure was the amount of CT

ops, they ask for income after tax so recalculated and still

you have a higher income than around 97% of the population - equivalent to about 61.0 million individuals.

nah.... do not believe it (single, contracting, IT)

Paully232000

gettingready wrote: »

wowwwwwwwwwwwwww - BUT that is a bit silly as the only question about expenditure was the amount of CT

ops, they ask for income after tax so recalculated and still



nah.... do not believe it (single, contracting, IT)

It is about equivalised income not that your salary figure on its own is higher than 97% of the population.